Edgecoin: ACHIEVING SMOOTH GLOBAL PAYMENT ACROSS DIFFERENT NETWORKS

INTRODUCTION

We live in a globalized world, where we got used to the idea that we can travel to any place in the world and open a bank account to receive local payments. It is an everyday experience that we use every day. However, the financial sector has not caught up with this reality. ACH transfers and cross-border payments are a massive barrier for the development of global business models. This is where Edgecoin comes in. Edgecoin is a unique solution that provides an opportunity for micro and medium enterprises in the academic sector to be part of a global business without geographical borders. Payments that can cross borders are rapidly rising in demand. But have you ever wondered why is it so hard to achieve the goal of global payment?

Blockchain technology has made a huge impact on the payment industry. While most of the payment solutions integrated Blockchain technology mainly for the sake of transparency and decentralization, Edgecoin has taken the technology to the next level by creating a more simplified version.

THE STRUCTURE OF EDGECOIN?

The Edgecoin structure is simple and transparent. There is no central entity managing the system. It is an open-source platform designed according to the characteristics of blockchain technology. The Edgecoin system is secured by the nodes of the blockchain which are distributed worldwide. The nodes verify and later record all activities in the blockchain. Each node has a copy of the blockchain and processes the transactions that are executed on it. The transactions are only executed once the majority of the nodes have confirmed that the transaction is valid. The core of the Edgecoin system is the E-Score. It is the adaptation of the credit rating for the blockchain. The E-Score determines the level of trust for each user and thus allows transactions to be executed.
Imagine a world where you could pay for your morning coffee with your favorite digital currency from the USA and the coffee shop receives it in their local currency from Europe. This would require a global network that is not only fast, but also secure. The Edgecoin network is already working on a solution for this, by using a highly scalable blockchain technology as a basis and adding services such as smart contracts and a decentralized exchange. The Edgecoin is not just a digital currency, but also a platform to connect all the digital currencies of the world. Edgecoin is the first cryptocurrency that is based on the ERC20 token standard.

FEATURES OF EDGECOIN

The Edgecoin ecosystem consists of the following elements: Beyond technical aspects, our ecosystem needs to offer the right infrastructure for our partners and the right environment for the community. This includes a secure, stable and transparent blockchain with fast transaction speeds and low fees. The Edgecoin blockchain is based on the Ethereum platform and is therefore able to process all transaction types. Our platform offers a flexible REST API, which allows you to receive funds from any external blockchain, including Bitcoin and Ehtereum. The blockchain also supports smart contracts, which will enable our partners to provide their services in a decentralized way. We use the Proof of Stake (PoS) consensus algorithm to ensure a high level of transaction security and stability.

Edgecoin is a blockchain platform that enables the transfer of skills and knowledge on a global scale. It is a marketplace in which businesses and users can buy, sell, and share skills using smart contracts. By using blockchain technology, the platform offers new smart ways of learning, financing and earning. The decentralized platform is built on the Ethereum blockchain, which guarantees the protection of all transactions between users. The platform can be accessed from any device and is simple to use.

CONCLUSION

Smart solutions for integrating real-life challenges into blockchain technology is our core competence. That’s why we are developing the Edgecoin platform. We want to make it possible to use cryptocurrency to pay for any type of education – from coding to accounting, and from finance to arts. The first step to achieving this goal is to integrate our platform into the education sector. We want to create a seamless user experience for both students and teachers. The next step is to integrate the platform into the e-commerce sector. Our goal is to facilitate the process of international payment and make it as easy as possible to use cryptocurrency as a payment option.

USEFUL LINKS
Website: https://www.edgecoinpay.com/
Telegram: https://t.me/Edgecoin_chat
Twitter: https://twitter.com/edgecoinpay
Facebook: https://www.facebook.com/edgecoinpay
Instagram: https://www.instagram.com/edgecoinpay/
YouTube: https://www.youtube.com/channel/UC5ekVAo2GXdMPcM03Y6r78g

AUTHOR'S DETAILS
Bitcointalk Username: Blesko
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Eth Wallet Address: 0x73Aa4783B9ba68470b17853E8B51E1908007132a